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Papa John's International PZZA Unredeemed gift card liabilities — Contract Liabilities

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Other financials

Income statement

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Revenue$478.6M-7.7%
Gross profit$137.7M-9.3%
Operating income$20.8M-13.4%
Net income$7.3M-21.3%
EPS (diluted)$0.21-22.2%

Balance sheet

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Cash & equivalents$39.0M-11.3%
Total debt$952.6M-3.2%
Total equity-$449.1M-4.0%
Total assets$831.9M-7.4%

Cash flow

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Operating cash flow$7.2M-76.9%
CapEx$13.5M+10.0%
Free cash flow-$6.2M-133%

Valuation

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Market cap$1.19B-20.7%
Enterprise value$2.1B-13.3%
P/E41.5×+22.4×
P/S0.6×-0.1×

Profitability

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Gross margin28.8%+0.3pp
Operating margin4.3%-2.9pp
Net margin1.4%-2.4pp
FCF margin1.8%

Returns & leverage

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Return on equity131.1%
Debt / equity33.6×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Papa John's International in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Papa John's International’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Papa John's International's unredeemed gift card liabilities — contract liabilities?
Papa John's International (PZZA) reported unredeemed gift card liabilities — contract liabilities of $6.85M in Q1 2026.
How has Papa John's International's unredeemed gift card liabilities — contract liabilities changed year-over-year?
Papa John's International's unredeemed gift card liabilities — contract liabilities decreased by 1.8% year-over-year, from $6.98M to $6.85M.
What does unredeemed gift card liabilities — contract liabilities mean?
This metric represents the total outstanding balance of gift cards sold to customers that have not yet been redeemed for products or services. It functions as a contract liability, reflecting the company's obligation to fulfill future orders associated with these prepaid instruments. Monitoring this balance provides insight into consumer demand and the potential for future revenue recognition as these cards are utilized.